Construction Loan Officer Salary in the United States

How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $91,054 as of September 26, 2019, but the range typically falls between $75,798 and $111,307. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Skills Associated with Construction Loan Officer: Loan Authorization, Loan Software, Specialty Lending

Popular jobs: Physical Therapist, Actuary I, Aerospace Engineer I

Salary estimation for Construction Loan Officer at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

Job Description

Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2019 Salary.com)

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Salary range for a Construction Loan Officer
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Average Base Salary

Core compensation

 
 
 
75798
111307
91054

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
77174
126609
100030
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $75,798 to $111,307 with the average base salary of $91,054. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $77,174 to $126,609 with the average total cash compensation of $100,030.
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75798
111307

 

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Job Openings for Construction Loan Officer
Those that have already made the climb...
Pamela J. Shelley-Kessler , Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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Construction Loan Officer Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%